Mock Corp. reported the following comparative balance sheets for the years-ended December 31 , 2020 and 2019 ("2020" and "2019", respectively); and the income statement for 2020: (Please round off your answer to two decimal places where applicable.) Non-current Liabilities \begin{tabular}{lll} Bonds payable & 3,000,000 & 3,000,000 \\ \hline Total Liabilities & 3,162,000 & 3,180,000 \end{tabular} Equity \begin{tabular}{lrr} Common Shares & 2,400,000 & 2,500,000 \\ Retained Earnings & 32,250 & 47,250 \\ \hline Total Equity & 2,432,250 & 2,547,250 \\ \hline Total Liabilities and Equity & 5,594,250 & 5,727,250 \\ \hline \end{tabular} Income Statement \begin{tabular}{lr} Sales Revenue & 2020 \\ \hline Cost of Goods Sold & 2,000,000 \\ \hline Gross profit & (1,000,000) \\ \hline \end{tabular} Operating expenses Depreciation expense (150,000) Loss on sale of building (400,000) Interest Expense (200,000) Income Before Tax (200,000) Income Tax Expense (30\%) 50,000 (15.000) Additional Information - Modk Corp. repurchased common shares in 2020 by paying $100,000 cash. - All interest expenses are related to the bonds payables. - Building costing $1,000,000 was disposed of during the year. No additional building was purchased. - Mock Corp. dedared and paid dividends to its shareholders in 2020. - Mock Corp. treats all dividend income and payments as financing activities. Under the indirect method, total dividends paid are: a. $15,000 b. $35,000 c. None of the other alternatives are correct d. $20,000 e. $50,000